Taxes in Washington and Oregon differ. Depending on your individual situation, you might benefit financially from living in one state or the other. Here’s a brief comparison:
|Oregon Sales Tax||Oregon Income Tax|
|No state sales tax||5% on the first $3,100 of taxable income.
7% on taxable income $3,101 to $7,9509% on taxable income of $7,951 to $125,0009.
9% percent on taxable income of $125,001 and above
|Washington Sales Tax||Washington Income Tax|
|6.5% (food and prescription drugs are exempt) plus local tax rate 1.9% for a combined rate of 8.4% in Clark County.
6.5% on sale or lease of vehicles plus local tax rate 2.2% for a combined rate of 8.7% in Clark County.
|No state personal income tax|
Contact us for more information on the tax implications of living in Portland, OR, versus Vancouver, WA.